Chainlink LINK
Current Price
$8.72 -5.46%
$0.5700 Daily Range (6.54%)
$8.70$9.27
$347.06M Daily Volume
4,905 BTC
Vol/MktCap: 5.47%
Market Performance
0.86% Relative BTC Volume
The total volume of Chainlink is $347.06M over the past 24 hours, compared to $40.32B total Bitcoin volume.
Hourly Moving Average
8 SMA $8.99 -2.95%
13 SMA $9.04 -3.49%
21 SMA $9.11 -4.24%
55 SMA $8.95 -2.53%
144 SMA $8.81 -0.97%
Price Performance
-1.58% 1 Hour Change
$8.72 from $8.86
-2.45% 7 Day Change
-$0.2133 from $8.93
-6.92% 14 Day Change
-$0.6033 from $9.32
-1.58% 30 Day Change
-$0.1376 from $8.86
All Time High
May 10, 2021
$52.70 -83.45%
-$43.98 vs. now
24H Change
-366.40M USD -5.46%
-5,178 BTC
Volume and Supply
Total Supply: 1.00B LINK 
727.10M LINK Available72.71% circulating A lower circulating supply may increase over time, reducing scarcity and potentially causing a drop in price. A higher circulating supply is less susceptible to dilution, offering the potential for a more stable price long-term.
Relative Supply Ratio
49.97 x BTC Supply50:1 supply ratio
RSR reflects potential differences in tokenomics, such as inflation rates, utility, or burn mechanisms, which can impact long-term value and scarcity.
Relative Trade Volume
38.63M LINK
traded over past 24 hours
5.31% of circulating supply
A higher trade volume relative to market cap indicates strong market activity and liquidity, while a lower ratio may suggest reduced interest, lower liquidity, or potential price stagnation.
Conversion Tool
Chainlink AI Market Analysis
Chainlink (LINK) is currently priced at $8.71, reflecting a significant 24-hour decline of 5.44%. The trading activity has been relatively stable, with a daily range of 0.54%, indicating limited volatility, while the trading volume stands at approximately $343.61 million, representing 5.41% of its market cap.
Technical indicators reveal a bearish trend, as all moving averages (8 SMA at $8.99, 13 SMA at $9.04, 21 SMA at $9.11, and 55 SMA at $8.95) show negative percentage changes ranging from -2.64% to -4.35%. The 1-hour RSI at 21 indicates an oversold condition, while the 7-day RSI at 50 suggests a neutral momentum, reflecting a lack of strong buying or selling pressure over a week.
From a fundamental perspective, LINK has decreased by 2.54% over the past week and 7.01% over the last 14 days, indicating a persistent downward trend. Furthermore, the price remains significantly below its all-time high of $52.70, achieved in May 2021, which underscores the challenges facing the asset in regaining bullish momentum.
Given the current price action, negative short-term momentum, and overall bearish sentiment reflected in the moving averages and RSI indicators, a cautious approach is warranted. The lack of immediate support and continued downward pressure suggests that holding positions may not be favorable at this time.
Therefore, the recommendation for Chainlink (LINK) is to Sell. The technical indicators and recent price performance do not support a bullish outlook, and it would be prudent to exit positions to avoid further potential losses in the current market environment.
Technical indicators reveal a bearish trend, as all moving averages (8 SMA at $8.99, 13 SMA at $9.04, 21 SMA at $9.11, and 55 SMA at $8.95) show negative percentage changes ranging from -2.64% to -4.35%. The 1-hour RSI at 21 indicates an oversold condition, while the 7-day RSI at 50 suggests a neutral momentum, reflecting a lack of strong buying or selling pressure over a week.
From a fundamental perspective, LINK has decreased by 2.54% over the past week and 7.01% over the last 14 days, indicating a persistent downward trend. Furthermore, the price remains significantly below its all-time high of $52.70, achieved in May 2021, which underscores the challenges facing the asset in regaining bullish momentum.
Given the current price action, negative short-term momentum, and overall bearish sentiment reflected in the moving averages and RSI indicators, a cautious approach is warranted. The lack of immediate support and continued downward pressure suggests that holding positions may not be favorable at this time.
Therefore, the recommendation for Chainlink (LINK) is to Sell. The technical indicators and recent price performance do not support a bullish outlook, and it would be prudent to exit positions to avoid further potential losses in the current market environment.
Updated 21 minutes ago.
Chainlink Relative Price at Market Cap of:
Chainlink TradingView Chart
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